Oil prices rose on Wednesday, boosted by demand hopes on progress made in U.S. vaccine rollouts, while uncertainty over how much supply OPEC+ will restore to the market at its Thursday meeting and a big build in U.S. crude stocks capped gains. U.S. West Texas Intermediate (WTI) crude futures rose $1.34 cents, or 2.25%, to $60.80 a barrel recovering from three days of losses. Brent crude futures rose $1.15 cents, or 1.84%, to $63.58 a barrel, up from four days of losses. Both futures had [Read more]
Headlines
TC Energy and TC PipeLines, LP complete merger
CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, 2020. The Merger resulted in TC Energy acquiring all of the outstanding publicly-held common units of TCP and TCP becoming an indirect, wholly owned subsidiary of TC Energy. “We are pleased to have received majority unitholder approval of [Read more]
Paramount Resources Ltd. reports 2020 annual results and provides 2021 guidance
CALGARY, AB, March 3, 2021 /CNW/ - HIGHLIGHTS Annual sales volumes averaged 68,340 Boe/d (39% liquids) in 2020. Fourth quarter 2020 sales volumes averaged 73,460 Boe/d (42% liquids), ahead of guidance of 70,000 to 72,000 Boe/d.(1) Fourth quarter sales volumes at Karr, which benefitted from bringing onstream the five-well 5-16 West pad in November, averaged 26,914 Boe/d (56% liquids), compared to 19,246 Boe/d (57% liquids) in the third quarter. Fourth quarter sales volumes at [Read more]
XI Technologies: Montney Overview
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. The Montney has seen a lot of action in recent A&D activity as new players look for opportunities in this prolific play. Today, we’ll draw on XI Technologies’ enriched industry data to offer a few [Read more]
Cardinal Energy Ltd. announces 2020 year-end reserves
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present the results of its independent reserve report effective December 31, 2020. One hundred percent of Cardinal's year-end 2020 reserves were evaluated by independent reserves evaluator GLJ Ltd. ("GLJ") as at December 31, 2020 (the "2020 Reserve Report"). The 2020 financial information in this press release is unaudited and accordingly, such financial information is subject to change based on the [Read more]
NuVista Energy Ltd. announces year end 2020 reserves, financial and operating results
CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce reserves, financial and operating results for the three months and year ended December 31, 2020, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. 2020 was an unprecedented year where the world saw the COVID-19 pandemic deeply affecting all economies and temporarily reducing the demand for oil and natural gas [Read more]
Suncor Energy announces significant progress on debt management and reduction and the pricing of US$ 750 million notes offering and CAD$ 500 million medium term notes offering
CALGARY, Alberta - Suncor Energy Inc. (Suncor or the company) remains focused on maintaining the financial health and resiliency of the company. Consistent with its debt management and reduction strategy, Suncor announces the expected repayment of short-term commercial paper with the net proceeds from the issue of the Notes (as defined below), the early cancellation of the bi-lateral credit facilities that were entered into to ensure access to adequate financial resources in connection with the [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Mar. 2 Electrical Project Coordinator Strike Group Calgary Mar. 1 Summer Student - Gordondale AltaGas Dawson Creek Mar. 1 Summer Student, Relief [Read more]
Natural gas can help solve climate change, industry reminds policymakers
The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference on Tuesday. "The most important thing to continue to impress upon the policymakers is natural gas can and should be a big part of the climate change solutions," Michele Harradence, SVP and chief operations officer gas transmission and midstream at Enbridge Inc, said at IHS Markit's CERAWeek. She noted gas has already "done a [Read more]
Waterous Energy Fund completes takeover of Osum Oil Sands Corp
Private equity firm Waterous Energy Fund succeeded in its bid to take controlling interest in Osum Oil Sands on Wednesday, days after the Canadian oil producer's board ended its opposition to the deal. Osum had earlier rejected Waterous' original offer to take over the company, calling it inadequate. However, last week, the company's board withdrew its recommendation that shareholders reject Waterous' approach after a sweetened bid. The deal comes as consolidation heats up in the Canadian [Read more]